Scbx Plc News Today

/PRNewswire/ -- Siam Paragon, the iconic global landmark at the heart of Bangkok, has partnered with SCBX and esteemed leaders in the digital technology,...

The Bank of Thailand will boost the benchmark one-day repurchase rate by 25 basis points to 2.25% on Wednesday, the highest level since 2014. 

BANGKOK (The Nation/Asia News Network): Forbes magazine has released its 20th annual ranking of the world's top-performing conglomerates for the year 2023, with JP Morgan, the largest bank in the US with US$3.7 trillion in assets, securing the first position for the first time since 2011.

The ranking encompasses companies from 58 countries, with the US having the highest representation of 611 companies, followed by China with 356 companies. Thailand has 17 companies

Listed banks posted stronger results in the third quarter year-on-year thanks to lower loan-loss provisioning and the economic recovery.

Siam Commercial Bank (SCB) has scrapped a 17.8-billion-baht deal to buy a controlling stake in Bitkub Online, saying the country’s biggest digital asset exchange needs time to fix regulatory issues.

A deal to sell a majority stake in Thailand’s largest crypto exchange to the nation’s oldest bank remains stuck in due diligence more than eight months after the plan was unveiled, according to the platform’s co-founder.

The Securities and Exchange Commission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week.

A delayed deal between Thailand’s oldest bank and its largest cryptocurrency exchange is raising doubts about the 115-year-old financial group’s ambition to become a regional fintech powerhouse.

Shares of SCB X Plc, a holding company that controls Thailand’s fourth-largest lender by assets, surged on the first day of trading on Wednesday after it successfully concluded a stock-swap offer for the banking unit.